Tenaz Energy (TSE:TNZ) Stock Price Down 4.4% - Should You Sell?

Key Points

• Tenaz Energy shares fell 4.4% on Friday, trading as low as C$59.37 and ending at that level, with volume running below average.
• Analysts remain positive on the stock: multiple firms have raised price targets, and the consensus rating is Buy with an average target of C$72.00.
• The company recently reported quarterly EPS of C($3.48) on revenue of C$262.32 million, while maintaining strong profitability metrics such as a 52.13% net margin and 61.60% return on equity.

Tenaz Energy Corp. (TSE:TNZ - Get Free Report) shares dropped 4.4% during trading on Friday . The company traded as low as C$59.37 and last traded at C$59.37. Approximately 161,486 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 248,966 shares. The stock had previously closed at C$62.12.

Analyst Upgrades and Downgrades

TNZ has been the subject of a number of research analyst reports. National Bank Financial raised their target price on Tenaz Energy from C$52.00 to C$66.00 and gave the company an "outperform" rating in a research note on Tuesday, February 3rd. Haywood Securities raised their target price on Tenaz Energy from C$55.00 to C$70.00 in a research note on Monday, March 16th. Finally, Canadian Imperial Bank of Commerce set a C$80.00 target price on Tenaz Energy and gave the company an "outperform" rating in a research note on Wednesday, April 8th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of C$72.00.

Tenaz Energy Stock Down 4.4%

The stock has a 50 day simple moving average of C$59.64 and a 200-day simple moving average of C$40.30. The firm has a market cap of C$1.92 billion, a PE ratio of 5.93 and a beta of 0.98. The company has a debt-to-equity ratio of 114.55, a current ratio of 0.69 and a quick ratio of 2.77.

Tenaz Energy (TSE:TNZ - Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported C($3.48) earnings per share (EPS) for the quarter. The company had revenue of C$262.32 million for the quarter. Tenaz Energy had a net margin of 52.13% and a return on equity of 61.60%. Sell-side analysts predict that Tenaz Energy Corp. will post 0.3896418 EPS for the current fiscal year.

Tenaz Energy Company Profile

Tenaz Energy Corp. TSX: TNZ is a public energy company focused on the acquisition and sustainable development of international oil and gas assets capable of returning free cash flow to shareholders.Tenaz has domestic operations in Canada along with offshore gas assets in the Netherlands. The domestic operations consist of a semi-conventional oil project in the Rex member of the Upper Mannville group at Leduc-Woodbend in central Alberta. The Netherlands gas assets are located in the Dutch sector of the North Sea.

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